Peninsula Energ (OTCMKTS:PENMF – Get Free Report) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.34 and traded as low as $0.2480. Peninsula Energ shares last traded at $0.3175, with a volume of 15,400 shares changing hands.
Peninsula Energ Stock Performance
The firm’s fifty day moving average is $0.34 and its 200 day moving average is $0.43.
Peninsula Energ Company Profile
Peninsula Energy Limited (OTCMKTS: PENMF) is an Australia-based uranium mining and development company focused on in-situ recovery (ISR) extraction in the United States. The company’s primary asset is the Lance Projects, located within Wyoming’s Powder River Basin, where it operates a central processing plant and associated wellfields under license from the U.S. Nuclear Regulatory Commission. Peninsula Energy’s ISR approach involves circulating oxygenated water through subsurface sandstone aquifers to dissolve uranium, then recovering the uranium-rich solution at surface facilities for purification and precipitation as U3O8.
In addition to its flagship Lance Projects, Peninsula Energy holds exploration and development rights for nearby satellite deposits in the Barnes Dome area of Wyoming.
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